U.S. Treasury's Capital Purchase Program Boosts Confidence, Credit

Summary

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Many banks are getting a boost through the U.S. Treasury's Capital Purchase Plan (CPP), in which the U.S. Treasury is investing $250 billion in banks that are approved by their primary regulators and the U.S. Treasury to participate. In addition to helping banks, the American consumer also will realize a significant benefit from the program.

Americans are not necessarily comfortable with government investing in financial institutions, but these are investments that will have to be paid back. The term "bailout" is not appropriate for this program, as it really represents an investment in banks, which will generate a real return for U.S. taxpayers in addition to stimulating the economy. The CPP is designed to assist financial institutions to fulfill their important economic role and get all us closer to our goal of a stronger U.S. economy.

The CPP is designed to help strengthen the balance sheets of many U.S. financial institutions by helping them raise their capital levels.

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Extract

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U.S. Treasury's Capital Purchase Program Boosts Confidence, Credit

Many banks are getting a boost through the U.S. Treasury's Capital Purchase Plan (CPP), in which the U.S. Treasury is investing $2...

See the full content of this document

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